$2,600,000
42 beds 25,000 sq. ft.
32.603939056 -85.479560852
$2,600,000
Est. Monthly $13,221 recalculate
42 beds 25,000 sf
 

205 S Gay Street
Auburn, AL 36830

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Multi-Family (2-4 Units) - Multi-family property used as a privately owned dorm. Situated at the corner of Gay and Thach on approximately half acre lot and gorgeous brick building. One block from Auburn University's iconic Samford Hall and campus is visible from the property. 64 beds rentable and building is 4 levels with high ceilings. Sales price is an 8 cap off of last year's NOI. NO DEVELOPMENT OR USE RESTRICTIONS ASSOCIATED WITH THIS PROPERTY TO THE SELLERS' KNOWLEDGE.
MLS # 115246
Listed By CENTURY 21 Koullas Realty

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Nick Hayes
Nick Hayes CENTURY 21 Koullas Realty
890 N Dean Rd, Suite 300
Auburn, AL 36830
334.­887.2000
334.­887.2000
CENTURY 21 Koullas Realty
890 N Dean Rd, Suite 300 Auburn, AL 36830
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Property Features

  • Lot Size: 0.5 Acres
  • Style: Other Style

  • Purchase or Lease Opportunities

    Traditional Mortgage
    30 year mortgage at 4.75% APR
    $13,221Your estimated monthly payment
    $520,00020% Down Payment
    $2,600,000 $2,340,000
    purchase price loan amount
    Explore Mortgage Options
    Program Details
    *Neither Century 21 Real Estate LLC nor any of its franchisees or other affiliated companies provides, or is in any way responsible, for any product or service offered by Home Partners of America.

  • Elementary School
    WRIGHTS MILL ROAD ELEMENTARY SCHOOL
    Grades 3-5 | Public School

    AUBURN, AL 36830
    807 WRIGHTS MILL RD
    334-887-1990
    1.0
    miles

    Total Students 450
    Student Teacher Ratio 14:1

    School Rating

    5 stars View School Details
    DEAN ROAD ELEMENTARY SCHOOL
    Grades K-2 | Public School

    AUBURN, AL 36830
    335 DEAN RD
    334-887-4900
    1.0
    miles

    Total Students 455
    Student Teacher Ratio 16:1

    School Rating

    4 stars View School Details
    Middle School
    DRAKE MIDDLE SCHOOL
    Grades 6-7 | Public School

    AUBURN, AL 36832
    655 SPENCER AVE
    334-887-1940
    1.3
    miles

    Total Students 1200
    Student Teacher Ratio 15:1

    School Rating

    5 stars View School Details
    High School
    AUBURN HIGH SCHOOL
    Grades 10-12 | Public School

    AUBURN, AL 36830
    405 S DEAN RD
    334-887-4970
    0.9
    miles

    Total Students 1740
    Student Teacher Ratio 15:1

    School Rating

    5 stars View School Details
    Other Nearby Schools Distance Type Grades School Rating Parent Rating
    Auburn Jr High School 0.4 mi Public 8-9
    Village Montessori School 0.7 mi Private K-7
    Cary Woods Elementary School 1.1 mi Public K-2
    Holy Trinity Day School 1.2 mi Private PRESCHOOL-K
    Auburn Early Ed Center 1.5 mi Public K-2
    Pick Elementary School 2.0 mi Public 3-5
    Richland Elementary School 2.5 mi Public K-2
    Margaret Yarbrough School 2.6 mi Public 3-5
    Ogletree School 3.2 mi Public 3-5
    West Forest Intermediate School 4.7 mi Public 3-5

    Local Area Information for Auburn, AL 36830

    Median Age: 29.7
    Married: 36.3%
    Number of Households: 16,853
    Households with Children: 4,265
    • Occupancy Types
      • 0 Vacant
      • 0 Owned
      • 0 Rented
    • Transportation to Work
      • 0 Drive
      • 0 Public Transportation
      • 0 Walk / Bike / Other
      • 0 Work at Home
    (in Degrees Fahrenheit)
      Visit Area Info Page

      Community information and market data Powered by Onboard Informatics. Copyright ©2016 Onboard Informatics. Information is deemed reliable but not guaranteed. * Based on a 30-year fixed rate of 4.75% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
      Sources: Maponics, LLC and Onboard Informatics ©2016. School Performance data by SchoolDigger.com. School Review data by Niche.com. This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.